Analysts are closely watching Bitcoin’s price as it approaches the crucial $93,000 level. Institutional investors are poised to enter the market around this mark, potentially impacting volatility and triggering sell-offs if prices move below it. The significance of this level stems from both technical analysis and institutional trends, with a breach below $93,000 posing risks for ETFs and other large-scale investments. 10x Research’s CEO Markus Thielen predicts a rapid descent towards the $93,000 mark if Bitcoin dips below $100,000. This price level coincides with the average purchase price for spot Bitcoin ETFs, increasing market volatility around this key threshold.